The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Dundas & Wilson and Eversheds snatched the lead roles as Scotland’s richest man sold a heavy pumps maker for £750m just four years after acquiring it for £45m.
Jim McColl, majority owner of Glasgow’s Clyde Blowers, bought Clyde Union Pumps in 2007. Some £40m has since been invested in the company, which was sold to US manufacturer SPX for a return of roughly nine times the total investment of £85m.
Some £700m of the sale price is in cash on completion of the deal, while a further £50m depends on Clyde Union Pumps’ future performance.
Dundas advised industrial investment fund Clyde Blowers Capital, fielding a team led by corporate partner Graeme Bruce.
McColl has engaged Bruce since 2007 on a number of deals, including the £48m acquisition of Glasgow-based Weir Pumps from Weir Group in 2007 and the $1bn (£61m) acquisition of the fluid and power division of US conglomerate Textron in 2008.
Dundas also advised on the establishment of Luxembourg-based private equity fund Clyde Blowers Capital.
North Carolina-based SPX turned to Eversheds corporate partner Nicholas Emmerson in London. Corporate partner Robin Johnson, who has an engineering focus, associate Richard Kyle and employee share scheme partner Mathew Gorringe also advised.
Johnson led the Eversheds team when SPX sold LDS Test and Measurement, its vibration testing and data acquisition equipment business, to Surrey-based Spectris for roughly $102m in 2008.